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05.04.2011

Ukraine to Hold First Shale Gas Tender in Summer 2011

Ukraine plans to hold its first shale gas tender this summer, Ukrainian Natural Resources Minister Nikolay Zlochevskiy said during a briefing on Monday.

"Within two weeks the Cabinet of Ministers will complete and publish the process for issuing licences. After this, a tender and auction will be announced and purchasing will be possible. That will take about two months", he said.

Experts estimate that Ukraine is among the world's top three countries in terms of shale gas potential.

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